We developed our Risk Management Policy and Risk Management Procedure to:
Organisational units will update and monitor their respective organisational unit risk registers as part of their planning cycle.
In the first quarter of each year, organisational units provide an annual update on their risk registers, which is used to develop the University’s Risk Management Report and risk profile.
An annual Risk Management Report forms a vital part of ACU’s Risk Management Model and is provided to the Planning, Quality and Risk Committee and Audit and Risk Committee (hyperlink to TOR) to support monitoring and review elements of the risk management process.
This year, this report focuses on ‘high’ level risks identified by organisational units as well as their respective existing and future treatments. In doing so, this report will inform a review of the University Risk Register (link to SharePoint site) and provide recommendations to the Planning, Quality and Risk Committee.
Once reviewed and endorsed by the Planning, Quality and Risk Committee, this report and University Risk Register is provided to the Audit and Risk Committee for consideration and feedback.